Bank Strike on 22nd August 2017 Confirmed – Conciliation Meeting failed
Aug20

Bank Strike on 22nd August 2017 Confirmed – Conciliation Meeting failed

As already decided UFBU and Bank Unions to go ahead with the All India Bank Strike on 22nd August 2017 as the conciliation meeting before Chief Labour Commissioner failed. UFBU informed that a conciliation meeting between IBA and UFBU was held on 19th August  before the Chief Labour Commissioner in New Delhi wherein UFBU explained all the issues and demands and urged upon his intervention to prevail upon the IBA and Government to come...

Read More
Bank Strike on 22 August 2017
Aug08

Bank Strike on 22 August 2017

UFBU has called all India Bank Strike on 22nd August 2017. A meeting of UFBU was held at Mumbai on 28th June 2017 to discuss and decide on the further course of action on the present moves of the Government against the Public Sector Banks and also the wage revision issues. After deliberation it was decided to call for agitation programme including All India Bank Strike to fight the menace of the Government against the Public Sector...

Read More
15 GMs recommended for ED Post by Bank Board Bureau
Jun30

15 GMs recommended for ED Post by Bank Board Bureau

15 General Managers of Public Sector Banks have been recommended by Banks Board Bureau to the Government of India for the post of Executive Directors in Public Sector Banks. These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in Public Sector Banks for the period 2017-18. READ  Merger News - Canara Bank to merge Vijaya Bank & Dena...

Read More
200 rupees notes printing started by RBI
Jun28

200 rupees notes printing started by RBI

Soon you’ll see a 200 rupees currency note in market. For the first time Rs.200 note will be introduced. RBI has cleared the proposal and placed order for printing of new 200 rupees notes. These notes will be printed in one of the Government owned facility. The new denomination note of 200 is being introduced to ease up the day to day transactions of comman man.  This is the part of remonetisation excercise of government...

Read More
Merger News – Canara Bank to merge Vijaya Bank & Dena Bank
Jun24

Merger News – Canara Bank to merge Vijaya Bank & Dena Bank

There is a possibility that Canara Bank will acquire Vijaya Bank and Dena Bank as the Government wants to create a few big Banks instead of various small banks. According to sources, Vijaya Bank and Dena Bank will be merged first and a new entity will be formed. This new entity will be taken over by Canara Bank in next round. Government wants three big banks of the size of State Bank of India, 2-3 specialized Banks and a few mid sized...

Read More
SBI mandate for 11th BPS for upto Scale III only
May09

SBI mandate for 11th BPS for upto Scale III only

The first meeting for negotiating to salaries of Banks employees under 11th Bipartite Settlement has already taken place on May 2. UFBU has submitted the summary of demands, however, detailed charter of demand is yet to be submitted. But now it has come to light that State Bank of India has given mandate to IBA to negotiate for the next 11th Bipartite Settlement in respect of Scale I to Scale III only. All India State Bank Officers’...

Read More